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China Morning Snapshot – 14 October 2024
14 Oct 2024 Market sentiment has been dampened by the central government's failure to present any concrete spending proposals during the meeting on October 12, leaving stakeholders concerned about the lack of immediate economic stimulus.
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14 Oct 2024

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Asian PVC market faces uncertainty ahead of November price announcements

While a price hike seems plausible, driven by China's recent surge and increased shipping costs, sluggish demand in India—Asia's largest PVC importer—could limit any upward movement.
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14 Oct 2024

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14 October 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded the first auction session of the week on a mixed note, with LLDPE achieving strong sales results of 91% of the auction volume while the demand for PP remained sluggish.
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11 Oct 2024

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Malaysian producer kept November PE offers to Vietnam on a stable to firmer track

The stable LDPE offers were largely anticipated, given the rebound in China following the National Day holiday. Chinese buyers, concerned about potential supply disruptions from Iran, have accelerated their purchases ahead of the peak agricultural film season.
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11 Oct 2024

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China Morning Snapshot – 11 October 2024

Regardless of the continued firming futures contracts on the Dalian Commodity Exchange, local producers trimmed spot homo-PP prices by CNY50/ton to entice buying interest.
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11 Oct 2024

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China Morning Snapshot – 10 October 2024

The market’s focus is now squarely on the anticipated meeting between the Chinese Ministry of Finance and the People’s Bank of China this weekend. Discussions will likely center on expanding monetary policy tools and increasing open-market operations
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11 Oct 2024

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11 October 2024 - Shenhua's coal-based PP and PE Auction Results

The modest discount of CNY 30/ton on homo-PP has incentivized market participants to increase their purchasing activity. In contrast, LLDPE has shown stronger transactions than homo-PP, driven by expectations of reduced import arrivals, which are expected to tighten domestic supply.
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11 Oct 2024

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10 October 2024 - Shenhua's coal-based PP and PE Auction Results

With key PP and LLDPE contracts on the Dalian Commodity Exchange regaining some stabilization from the downswing in the previous trading day, Chinese bidders were more confident in participating in auctioning for coal-based cargoes on the Shenhua Auction Platform.
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